Thornburg Mortgage Inc., Santa Fe, N.M., says it has cut 29 sales and support positions in its home lending division "in response to the continued unprecedented turmoil in the mortgage financing and credit markets." About half the cuts were made in Santa Fe and the other half were made "throughout the country," the lender said. The company said it continues to employ 156 professionals in Santa Fe. "Today's announcement is in no way a reflection of the ability of these individuals; rather, it is a sign of just how prolonged and extensive the mortgage crisis has become," said Larry Goldstone, Thornburg Mortgage's president and chief executive officer. The company can be found on the Web at http://www.thornburgmortgage.com.
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